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    Des Plaines Warehouse with Crane Title is generated by Realmo AI

    555 Santa Rosa Drive, Des Plaines, IL 60018

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    For Sale
    $11,823,460

    Warehouse with crane, heavy power, and office upgrades for sale.

    Type:Industrial
    Property size:
    107,486 SF
    Price / SF:
    $110/SF
    Added:
    Mar 25, 2026
    Days on Market:
    52
    Last Refresh:
    Mar 18 at 8:21 am

    Property Features for 555 Santa Rosa Drive

    General Information

    Standard status
    Active
    Size
    107,486 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Matt Mulvihill

    Listing agent Matt Mulvihill

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Matt Mulvihill

    HighLights

    • Immediate access to O’Hare North Cargo Entrance
    • Heavy power - 7,200 amps @ 480v
    • 15,844 SF crane bay with (1) 15‑ton crane rail in place
    • Potential for Class 6B tax incentive
    • New gas hanging units serving warehouse
    • LED lighting throughout

    Overview

    This commercial property offers potential for a Class 6B tax incentive and immediate access to the O’Hare North Cargo Entrance. The property features heavy power, with 7,200 amps at 480v. A 15,844 square foot crane bay includes a 15-ton crane rail already in place. The warehouse area has been updated with whitebox finishes and painted columns. New gas hanging units serve the warehouse, while new RTUs service the office area. The office space has been renovated with new paint, flooring, millwork, and ceiling tiles. Fire protection upgrades have been implemented, and restroom plumbing has been re-roughed with new fixtures installed. LED lighting is installed throughout the property. The property is located in Des Plaines, IL and has a total size of 107,486 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • ABW Self Storage Unit — 2125 westview dr, des plaines, il 60018
    • Jack Lewin Associates — 25 Howard Ave, Des Plaines, IL 60018
    • U-Pack — 400 E Touhy Ave, Des Plaines, IL 60018
    • CubeSmart Self Storage — 1950 S Mt Prospect Rd, Des Plaines, IL 60018

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.9097983
    Latitude
    42.0055145

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    FAQs

    What type of property is this?
    Warehouse - Warehouse with crane, heavy power, and office upgrades for sale.
    Where is this warehouse located?
    The property is located at 555 Santa Rosa Drive Des Plaines, IL.
    What is the asking price?
    The asking price for this property is $11,823,460.
    What are key features of this property?
    This property features: Immediate access to O’Hare North Cargo Entrance; Heavy power - **7,200 amps @ 480v**; **15,844 SF crane bay with (1) 15‑ton crane rail in place**
    (630) 368-5539
    We can help!
    Listing Contact
    Matt Mulvihill
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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